PSA expands stake in Fuzhou port

Thursday, May 30, 2013

The global terminal operator PSA International has acquired a stake in the Fujian Jiangyin International Container Terminal (FJCT) in the Port of Fuzhou, expanding its presence in the southeast China gateway.
PSA will be the second biggest shareholder in the terminal, after the Fuzhou Port Group (FPG).
The stake is PSA’s third joint venture with FPG – they are joint shareholders in the Fuzhou International Container Terminal (FICT) and Fuzhou Qingzhou Container Terminal (FQCT). PSA and FPG now operate eight berths in the port at the three terminals.
FJCT has 667 meters of quay length, three super-post Panamax quay cranes and a depth of 17.5 meters.
Ong Kim Pong, PSA’s regional chief executive officer for Northeast Asia, emphasized the importance of the Fujian Straits in relation to China’s western hinterland.
“PSA and Fuzhou Port Group recognize the tremendous potential of the Fuzhou Port as a major container hub port to support the further development of industries and hinterland investments in south-eastern and western China,” he said. “We will continue to create value and help transform Fuzhou into the regional port of call in the Fujian Straits.” - Eric Johnson